When is The Right Time to Invest in Real Estate?
Real estate investing is one of the hottest trends today. People from all across the nation are willing to put large sums of money into the market in hopes of reaping large benefits. While this has worked in an incredible way for some individuals, it has gone horribly wrong for others. One of the major issues that people run into will revolve around the timing of their investments. There are multiple factors that control when it is best for you to continue with your real estate venture.
Personal Economic Prosperity more...
Real Estate Investment Mistakes
Real estate investment is a serious business and market that requires both research and knowledge. While many people get in into the market with all of this, there are others who have decided to simply jump into the process. This is where a multitude of mistakes can be made. Those who think that they do not need a coach, partner, or professional to help them will run into multiple situations that could easily have been avoided. Knowing these mistakes may help make it more important to find one of these professionals for your own real estate investments. more...
The Benefits of Real Estate Investing
Real estate investing is something that can be incredibly beneficial to those who can afford to invest. Real estate investing requires skill and effort to become as successful as physically possible. Some will make a lot of money, while others will fail to break even on their homes. Even though this is a risky business venture to get into, it does have a large amount of benefits and rewards. Knowing the multiple benefits may help you to lean toward starting real estate investing.
Profit more...
Navigating a Down Market and Profiting From It
When people see a down market, they tend to think that it is one gigantic money field. They think that they can invest in any home, and be able to profit from it. While this is true in some cases, this is generally not how the entire market works out. When dealing with a down market, you must be able to pick and choose what to invest in. A down market is a game; choose the right homes, and you can be incredibly successful. Choose the wrong house and you can be stuck with an investment that will cost you price or worse. more...
The Basics of Real Estate Investing
Real estate investing can be one of the greatest experiences. Real estate investing can easily be one of the best investments that you make, and can be one of the most rewarding experiences, both physically and mentally. There are a lot of different aspects of real estate investing, however. If you are thinking about the process, you are going to want to have a basic understanding of the process before jumping into it. Having this knowledge can help you to understand if it is what you want to do, and who you want to bring along with you while investing. more...
Real Estate Investment Advice - When Do You Need Help?
While it is great to think about getting advice for your real estate investment before you jump into the situation, some people have jumped in without help. Those who have jumped in without help may not understand when they should deal with their own problems, or when they should seek out advice. There are a few different situations that could seriously lead to money loss without the advice of someone who knows what they are doing. Knowing when to ask for this advice is key when thinking about real estate.
Time is Crunched more...
Learn About Real Estate Investing - 3 Key Steps
There is so much information to learn about real estate investing. Getting into real estate investing can be a scary thought these days. However, if you do your research, find the right neighborhood, and decide what your real estate investing strategy will be, investing in real estate can be a very profitable venture. more...
Real Estate Training - Get Started Now!
There has never been a better time than right now for real estate investing. More and more Americans look to either break into the real estate business as a part-time job or take it on full-time. In both case, and much like any other business, people are searching for good training and not just inspiration. There are plenty of people today who lost quite a bit of money in the real estate market who thought that it was easy. more...
The Benefits of Hiring a Real Estate Consultant
Do you invest in real estate? Is your business as successful as you feel it should be? You might consider hiring a real estate consultant. Real estate consultants can focus on a number of different aspects of your business. Real estate consultants can specialize in many different aspects of the real estate business, or they can provide comprehensive consulting services. more...
How to Work with Realtors
Working with real estate agents can be a challenge if the agent you’ve selected isn’t aware of your needs in acquiring property. They’re accustomed to selling at retail and any deviation from what they consider normal can jeopardize what could otherwise be a great working relationship. The good news is that you have the power to provide the education – if you’re willing to take the time. Here’s how you can do your part. more...
Take Mr and Mrs Average, who drive around and find a nice house they both like. they call the number on the board outside and if they get through to a person, they are told its a foreclosure property or a short sale. After taking a look inside and deciding that they would like to buy it, they are then entering the snail paced procedure that is now common place for these type of homes. Three months later and with no word on whether the bank will accept their offer, Mr and Mrs Bored and Frustrated decide to forget about the Short but very Slow sale they had embarked upon. more...
I'm going to give you three examples of how real estate investing mistakes can derail your plans and destroy your dreams very quickly. Imagine yourself in the following three "What if..." situations. These situations will give you an idea of just how quickly you can go from being in charge of your destiny to hanging on for dear life.
Plan A: Bubble Investing more...
A Quick Fix and Flop
You've found the perfect fix and flip property. After running the numbers through your mind countless times you're convinced it's a winner. After rehab expenses, which you've figured no fewer than 100 times, you think you'll be able to turn a profit of about $5,000 if you can sell the property at market value. more...
No Matter What Strategy..
I call this the "No matter what" strategy. It truly is a comprehensive strategy because if you buy a property with the intention of renting it out and you find that you can't make money despite your best intentions, you move on to "Plan B". If your alternative falls apart, you go to "Plan C". more...
Take it From John
Take John for example. Because he knows his own neighborhood and the property values much better than areas farther away from his home, he decided to get started with a property just a stone's throw from his front door step.
The good news is that it's a very attractive property - and he can point it out to his friends as tangible evidence that real estate investing is a great idea. The truth is, he paid retail for the property, but he rationalizes it in his mind because of its proximity to his house. It is after all one of the best-looking places on the block. more...
Working With Contractors
If you’re in the process of overseeing your first property renovation you’re in for a real treat as you get a crash course in working with contractors. While most are professionals who are dedicated to doing the best possible job for you, there are some prima donnas out there waiting to take advantage of your naiveté. Here are some steps you can take before you hire a contractor to ensure that your first contractor experience is a positive one. more...
Entering the World of Real Estate After Bankruptcy more...
How to Find the Best Deals in a Down Real Estate Market
We have already gone over the idea that you want to invest in a down real estate market, and how to be smart about investing, but so many people don’t know how to find the best deals in a down real estate market. Here are a few tips to help you make an informed decision about investing in real estate in a down market. more...
5 Reasons to Invest in a Down Real Estate Market
We’ve been talking about investing in the down real estate market for a while now, but there are so many people out there who are afraid to plunk down the kind of money it takes to get going in a down real estate market. Here are five things you should keep in mind when investing in a down real estate market: more...
Last June, the South Florida Business Journal announced a Fort Lauderdale proposal for a new streetcar system called, The Wave, to replace the current downtown Sun Trolley. The proposed running date: 2012. The proposed price tag: $150 million.
The present Sun Trolley (on wheels) conveys approximately 100 passengers per day. The Downtown Development Authority of Fort Lauderdale, which is planning The Wave, believes this jazzy new, electric streetcar system will attract 6,000 riders per day, especially with plans to link it to the Tri-Rail system. more...
In a time where bank credit has dried up and where people have reason to fear about the values of their mutual funds, would it not be logical for private investors to start writing mortgages?
I.e. instead of getting a few measly percents return or no return at tall, why not finance someone's house i.e. at 70 LTV and get 7-12 percent return? Of course you would have to do due diligence on the value of the home and credit worthiness of the buyer.
This type of investment would be a lot safer because
- it is transparent
- it is simple more...
The Florida Finance Network, a nonprofit consortium of organizations, exists to ensure that small to medium sized Florida companies have access to affordable capital they need to succeed. FFN delivers financing assistance from state and federal programs. Most Florida businesses established for two years are eligible. Start-ups are also funded, but might require assistance from the Florida Small Business Development Center Network.
Member organizations are: more...
Mason Pruner, Branch Manager of Wells Fargo on Glades Road in Boca Raton recently sent me this update from Washington on The Housing and Economic Recovery Act of 2008. If you haven’t already heard, I’m sure you would like to know the new facts. more...
It is my pleasure to share another exciting incentive enrolled by the governor’s office toward making Florida an environmentally sound and beautiful locale for living.
On June 24, 2008, the South Florida Water Management District began negotiating an agreement to acquire as much as 187,000 acres of agricultural land owned by the United States Sugar Corporation to reestablish a part of the historic connection between Lake Okeechobee and America's Everglades. more...
BREATHE EASIER IN FLORIDA: Reducing Greenhouse Gases
As of the 16th of July 2008, a Memorandum of Understanding was drawn between the United Kingdom’s Carbon Trust and the State of Florida. The memorandum, signed in London by Michael Rea, COO of The Carbon Trust and Governor Charlie Christ, is summarized as follows: more...
Governor Charlie Crist and the Florida Association of Realtors aggressively supported the now-passed Amendment 1, originally known as the Save Our Homes Amendment begun in 1995. For those residents unsure of how Amendment 1 affects their real estate plans, here are facts from Florida Realtor Magazine: more...
Looking back on the unprecedented growth in the real estate market for the past ten years, the well-muscled housing prices seemed to have been on . . . well, steroids. While lenders matched loans and interests rates to the swelling real estate market, many observers knew the day would come when the high would hit a low.
An interesting article in Continental Airline’s July in-flight magazine called, The Silver Lining Strategy, by Chris Warren, cites real estate developers and investors across the country excited about the new real estate diagnosis. more...
Mayfair International Realty (one of Premier Estate Properties’ affiliates), based in London, England, provides me with valuable market data and an opportunity to promote some of Fort Lauderdale’s finest luxury residences. The latest report from Mayfair International Realty revealed the following facts:
1. Some Florida Statistics more...
GOOD NEWS ON FLORIDA'S HOUSING PROGNOSIS
Florida Trend Magazine has an interesting article in the July 2008 issue. A ‘prognosis’ made by the University of Central Florida’s Institute for Economic Competitiveness states that the U.S. will begin recovering from its “mild” recession right about now. Good news. Florida, however, is supposed to be delayed in its recovery due to the statewide housing slump. more...
Margot Larkin, Assistant Vice President and Mortgage Office from Gibraltar Private Bank & Trust, recently commented on the emerging trends towards luxury real estate, which she claims is always the first asset to be super-sized, ultra-designed, and updated with the latest technology and trends.
• Design and Layout
Today’s high-end luxury residences are brimming with amenities never dreamed of years ago. “Smart” homes have been the rage for a few years, but now you can “call” your residence and pre-set the temperature, lighting, television, and more. more...
Today I’d like to share an emotional story we received from Stephane, a real estate investor just starting up, looking to find his first property. I am withholding onto last name for privacy purposes. So, here we go…
I have been using several websites looking for foreclosures and other possible deals. I had about 50K to start with and I was looking at a fixer-upper, SFH 2 or 3 bedrooms, something in need of some repairs that can command a high price discount, even a foreclosure. more...
